JPMorgan Chase & Co. Raises Bunzl (LON:BNZL) Price Target to GBX 3,380

Bunzl (LON:BNZL) had its target price lifted by JPMorgan Chase & Co. from GBX 3,300 ($41.86) to GBX 3,380 ($42.88) in a research report sent to investors on Friday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a hold rating and set a GBX 3,200 ($40.59) price objective on shares of Bunzl in a research report on Friday. Shore Capital reissued a buy rating on shares of Bunzl in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Bunzl has an average rating of Hold and a consensus target price of GBX 3,095 ($39.26).

Bunzl Price Performance

Shares of LON BNZL opened at GBX 3,010 ($38.18) on Friday. The firm has a market cap of £10.11 billion, a price-to-earnings ratio of 1,954.55, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. The stock has a fifty day simple moving average of GBX 3,033.92 and a two-hundred day simple moving average of GBX 3,094.70. The company has a current ratio of 1.40, a quick ratio of 0.73 and a debt-to-equity ratio of 106.68. Bunzl has a 1-year low of GBX 2,680 ($34.00) and a 1-year high of GBX 3,306 ($41.94).

Insiders Place Their Bets

In related news, insider Frank van Zanten sold 24,244 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($38.84), for a total value of £742,351.28 ($941,711.63). 0.84% of the stock is currently owned by company insiders.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.